SmarTrend Watching for Potential Rebound in Shares of Macerich Co After 2.68% Loss

Written on Fri, 08/11/2017 - 12:54pm

By Nick Russo

Macerich Co (NYSE:MAC) traded in a range yesterday that spanned from a low of $56.01 to a high of $57.86. Yesterday, the shares fell 2.7%, which took the trading range below the 3-day low of $57.88 on volume of 517,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is monitoring the recent change of momentum in Macerich Co. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Macerich Co in search of a potential trend change.

In the past 52 weeks, shares of Macerich Co have traded between a low of $54.98 and a high of $94.51 and are now at $56.35, which is 2% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.